Municipal Credit Union

Rated star_ratedstar_ratedstar_ratedstar_normalstar_normal by CUHub
Review based on 12 criteria Rating: 3 out of 5

22 Cortlandt St, New York, NY 10007-3107

Website

(212) 238-3300

Data Source: NCUA, December 31, 2016


Municipal Credit Union was founded in 1917. Headquartered in New York, New York, Municipal Credit Union is a state chartered and federally insured credit union, being chartered in New York and insured through the National Credit Union Share Insurance Fund (NCUSIF). Municipal Credit Union is also a member of the Federal Home Loan Bank (FHLB) , which allows a credit union to access low cost secured borrowings or advances and prlides its members with financial products and services that assist and enhance the financing of housing and community lending.

As of December 31, 2016, Municipal Credit Union services 411,052 members through its 21 offices and branches and 673 full-time and 38 part-time employees. It has $2,482,536,207 of total assets and $198,656,626 of net worth. Based on its asset size and net worth ratio, Municipal Credit Union is classified as a Well Capitalized large credit union.

Municipal Credit Union offers a number of deposit and loan products to its members. To find out how competitive the offers are, please go to the Interest Rates page. Municipal Credit Union also provides an array of services to its members and local communities. Municipal Credit Union plans to extend its services by adding more branches or service centers in the next 12 month. To find out more, please go to the Services page.

The following two tables list the deplitory and loan interest rates of Municipal Credit Union’s popular offerings. You can find out how competitive the offerings are by comparing them to the median interest rates offered by credit unions in New York and in the nation.

Major Deplitory Accounts and Interest Rates (%)

Interest Rate
Median of New York
Median of USA
Checking
0.0000
0.0000
0.0000
Savings
0.2000
0.1500
0.1200
Money Market
0.1600
0.2500
0.2500
Certificate Deplit
0.2500
0.6000
0.5800
IRA
0.2700
0.5000
0.5000

Major Loan Accounts and Interest Rates (%)

Interest Rate
Median Rates of New York
National Median Rates
Credit Cards
11.4500
9.9000
9.9900
Unsecured Line of Credits
9.4800
9.9400
10.9500
Short-term Small Amount
n/a
24.0000
25.0000
Student Loans
n/a
6.0000
6.0200
New Car Loans
3.3600
3.0000
3.3300
Used Car Loans
4.2600
4.2500
4.5000
1st Mortgage Real Estates
3.6000
4.0000
4.2500
Other Real Estates
4.0900
4.4700
4.7000

Municipal Credit Union prlides a number of ways to access its services. In addition to its office and branches, a member can perform banking through Internet, phones, ATMs, and mobile devices. The table below lists the electronic banking services prlided by Municipal Credit Union.

Electronic Banking Service Offerings

Membership Application
Yes
Yes
Share Account Transfers
Yes
New Loan Application
Yes
Share Draft Orders
Yes
Yes
New Share Account
Yes
Bill Payment
Yes
No
e-Statements
Yes
Loan Payments
Yes
No
Account Balance Inquiry
Yes
No
No
View Account History
Yes
No

As a community financial institution, Municipal Credit Union actively involves in local communities by prliding services such as first tim home buyer programs, and student scholarships.

Community and other Service Offerings

Financial Counselling
No
Bilingual Services
No
Free Bill Pay
Yes
Financial Education
No
In-School Branches
No
Free Tax Preparation Service
No
Financial Literacy Workshops
No
Student Scholarships
Yes
Insurance/Investment Sales
No
First Time Homebuyer Program
Yes
Disaster Recovery Site
755 Co Op City Blvd
Bronx, NY 10475
Phone:212-416-7164

MCU – Bklyn
350 Jay St
Brooklyn, NY 11201
Phone:212-416-7100

MCU – Bklyn Postal
1050 Forbell St
Brooklyn, NY 11256
Phone:212-416-7120

MCU – Bronx
560 Courtlandt Ave
Bronx, NY 10451
Phone:212-416-7170

MCU – Cortlandt St
Main Office

22 Cortlandt St
New York, NY 10007-3107
Phone:212-238-3300

MCU – East 149th Street
353 E 149th St
Bronx, NY 10455
Phone:212-693-4900

MCU – East Meadow
1 Merrick Ave
East Meadow, NY 11554
Phone:212-416-7250

MCU – Eastside
435 E 70th St
New York, NY 10021
Phone:212-416-7150

MCU – Elmont
1660 Hempstead Tpke
Elmont, NY 11003
Phone:212-416-7130

MCU – Flatbush
1560 Flatbush Ave
Brooklyn, NY 11210
Phone:212-416-7230

MCU – Georgetown
2142 Ralph Ave
Brooklyn, NY 11234
Phone:212-416-7220

MCU – Harlem
280 Saint Nicholas Ave
New York, NY 10027
Phone:212-416-7271

MCU – Manhattan
2 Lafayette St
New York, NY 10007
Phone:212-416-7110

MCU – Melville
498 Walt Whitman Rd
Melville, NY 11747
Phone:212-416-7210

MCU – Nyack
160 N Midland Ave
Nyack, NY 10960
Phone:212-416-7188

MCU – Oceanside
3411 Long Beach Rd
Oceanside, NY 11572
Phone:212-416-7240

MCU – Psych
1051 Riverside Dr
New York, NY 10032
Phone:212-923-7209

MCU – Rego Park
6135 Junction Blvd
Rego Park, NY 11374-2771
Phone:212-693-4900

MCU – Si
2546 Hylan Blvd
Staten Island, NY 10306
Phone:212-416-7140

MCU – Yonkers
38 S Broadway
Yonkers, NY 10701
Phone:212-416-7200

MCU -coney Island
1904 Surf Ave
Brooklyn, NY 11224
Phone:212-416-7261

Springfield Gardens
13466 Springfield Blvd
Springfield Gardens, NY 11413-1459
Phone:212-693-4900
share

No Review

  1. Cuhub Staff
    Cuhub Staff

    Last Updated on May 30, 2017

    May 30, 2017 at 10:24 pm

Related Listings